ARTICLE III EFFECT OF THE MERGER ON CAPITAL STOCK | clook law - 契約書のデータベース

AGREEMENT AND PLAN OF MERGER - Twitter, Inc., X Holdings I, Inc., X Holdings II, Inc., Elon R. Musk

ARTICLE III EFFECT OF THE MERGER ON CAPITAL STOCK


(d) Company RSUs.
(i) As of the Effective Time, each Company RSU that is vested in accordance with its terms as of immediately prior to the Effective Time and each Company RSU held by a non-employee member of the Company Board, in either case, that is outstanding immediately prior to the Effective Time, (each, a “Vested Company RSU”) shall be canceled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the total number of shares of Company Common Stock subject to such Vested Company RSU and (ii) the Merger Consideration (the “Vested RSU Consideration”).
(ii) As of the Effective Time, each Company RSU that is outstanding immediately prior thereto and that is not a Vested Company RSU (each, an “Unvested Company RSU”) shall be canceled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the total number of shares of Company Common Stock subject to such Unvested Company RSU and (ii) the Merger Consideration (the “Unvested RSU Consideration”). Subject to the holder’s continued service with Parent and its Affiliates (including the Surviving Corporation and its Subsidiaries) through the applicable vesting dates, such Unvested RSU Consideration will vest and become payable at the same time as the Unvested Company RSU from which such Unvested RSU Consideration was converted would have vested and been payable pursuant to its terms and shall otherwise remain subject to the same terms and conditions as were applicable to the underlying Unvested Company RSU immediately prior to the Effective Time.
【参考訳】(d) 会社のRSU。
(i) 効力発生時間において、その条項に従って権利が発生しており、または非従業員の会社理事が保有し、いずれの場合も効力発生時間直前に未だ有効な各会社RSU(以下、「権利発生会社RSU」)は、キャンセルされ、その権利発生会社RSUに対応する会社普通株の総数と合併対価との積と等価な現金額(利息無し)(以下、「権利発生RSU対価」)を受け取る権利に変換される。
(ii) 効力発生時間において、有効であり、かつ権利発生会社RSUでない各会社RSU(以下、「権利未発生会社RSU」)は、キャンセルされ、その権利未発生会社RSUに対応する会社普通株の総数と合併対価との積と等価な現金額(利息無し)(以下、「権利未発生RSU対価」)を受け取る権利に変換される。その保有者が親会社及びその関連会社(存続会社及びその子会社を含む)との間の継続的なサービスに従事し続ける場合、その権利未発生RSU対価は、その権利未発生会社RSUから変換されたものがその条項に基づいて権利が発生し、支払われるべきだった同じ時期に権利が発生し、支払われることとなる。

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